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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 408.24+2.3%4:00 PM EST

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To: Haim R. Branisteanu who wrote (73993)5/6/2011 11:21:33 AM
From: 2MAR$  Read Replies (2) of 218651
 
Yes , traded into the AGQ very early this am for a oversold technical bounce in the prmrkt which made a small double dip to $165 and seeing a bounce back up late Feb pivot high of $185 with possibility of doing $200.

2mos of bidding up didn't take but 3 days to wring out all that excess margin trading and a very healthy thing to see which opened up today's trade opp . Goldman was right making that earlier call to trade out of the commodity with gas prices rising consumption had fallen 4mos running . Who would know better than Goldman , were not at peak oil yet , plenty of supply , Libya minor in its effects.

Silver bouncing off the Feb high of $34 , think its a fair price for now in this lower channel ...here goes the AGQ ($198) trying for $200 but maybe caps this move . But 18% gain in one morning not to bad ;O)

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